Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 545,235 shares of the financial services provider’s stock after selling 2,925 shares during the period. Natixis Advisors L.P.’s holdings in Houlihan Lokey were worth $65,379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HLI. Wellington Management Group LLP boosted its position in shares of Houlihan Lokey by 56.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock valued at $291,761,000 after purchasing an additional 978,776 shares during the period. FMR LLC lifted its position in shares of Houlihan Lokey by 69.9% in the 3rd quarter. FMR LLC now owns 1,507,610 shares of the financial services provider’s stock valued at $161,495,000 after acquiring an additional 620,182 shares in the last quarter. HighTower Advisors LLC boosted its stake in Houlihan Lokey by 1,044.5% in the 3rd quarter. HighTower Advisors LLC now owns 284,957 shares of the financial services provider’s stock worth $30,505,000 after purchasing an additional 260,060 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Houlihan Lokey by 77.0% during the third quarter. Envestnet Asset Management Inc. now owns 470,177 shares of the financial services provider’s stock valued at $50,365,000 after buying an additional 204,583 shares in the last quarter. Finally, Eventide Asset Management LLC acquired a new position in Houlihan Lokey during the third quarter valued at $16,029,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on HLI shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a research note on Monday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, UBS Group boosted their price objective on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd.

Houlihan Lokey Stock Performance

HLI stock traded up $1.38 during mid-day trading on Friday, hitting $131.93. 272,338 shares of the company were exchanged, compared to its average volume of 339,282. The firm’s 50 day simple moving average is $126.78 and its 200 day simple moving average is $118.67. The firm has a market cap of $9.12 billion, a P/E ratio of 32.51 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $84.89 and a 1-year high of $133.80.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million during the quarter, compared to the consensus estimate of $493.02 million. During the same quarter last year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.